Looking to diversify beyond PEO? The mutual funds below have the lowest correlation with PEO — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from PEO.
Best Diversifiers for PEO
6 mutual funds have low correlation with PEO (below 0.3), 2 of which are negatively correlated. The least correlated is Adams Diversified Equity Fund, Inc. (ADX) (Large Cap Blend Equities) with a 1Y correlation of -0.09, down from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Adams Diversified Equity Fund, Inc. | -0.09 | 0.16 | 0.31 | 67 | Large Cap Blend Equities | PEO vs ADX | |
| Columbia Seligman Premium Technology Growth Closed... | -0.05 | 0.11 | 0.22 | 95 | Technology Equities | PEO vs STK | |
| abrdn Global Infrastructure Fund | 0.18 | 0.29 | 0.40 | 64 | Energy Equities | PEO vs AIFRX | |
| JHancock Infrastructure Fund | 0.23 | 0.33 | 0.39 | 56 | Energy Equities | PEO vs JEEIX | |
| Cohen & Steers Global Infrastructure Fund, Inc. | 0.24 | 0.34 | 0.40 | 53 | Energy Equities | PEO vs CSUIX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PEO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PEO and solid risk/return profiles. The least correlated is Seagate Technology plc (STX) (Technology) with a 1Y correlation of -0.05, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Seagate Technology plc | -0.05 | 0.08 | 0.21 | 99 | Technology | |
| Reaves Utility Income Trust | 0.01 | 0.20 | 0.28 | 81 | Financial Services |
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